Inside Microsoft’s CEO’s Unseen Struggle: Why Massive Layoffs Haunt Him Despite Record Profits
Related: Microsoft Is Laying Off More Workers as AI Continues to Trim Workforces
Nadella acknowledged “the uncertainty and seeming incongruence of the times we’re in” but noted that Microsoft is “thriving,” with exceptional market performance, strategy, and growth. For example, Microsoft’s stock price rose to an all-time high, hitting a closing price above $500 for the first time earlier this month.
Nadella also stated that the company is investing more in AI infrastructure than ever before, pouring over $80 billion into AI in the fiscal year that ended in June.
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